Axa S.A. Reduces Stock Holdings in Travel + Leisure Co. (NYSE:TNL)

Axa S.A. lowered its position in Travel + Leisure Co. (NYSE:TNL) by 0.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 90,652 shares of the company’s stock after selling 680 shares during the quarter. Axa S.A. owned about 0.13% of Travel + Leisure worth $4,078,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Los Angeles Capital Management LLC grew its holdings in shares of Travel + Leisure by 1,025.0% in the first quarter. Los Angeles Capital Management LLC now owns 196,627 shares of the company’s stock valued at $9,627,000 after purchasing an additional 179,149 shares during the period. Quest Partners LLC grew its holdings in shares of Travel + Leisure by 1,474.2% in the second quarter. Quest Partners LLC now owns 22,181 shares of the company’s stock valued at $998,000 after purchasing an additional 20,772 shares during the period. Waterloo Capital L.P. purchased a new stake in shares of Travel + Leisure in the fourth quarter valued at about $2,081,000. Acadian Asset Management LLC purchased a new stake in shares of Travel + Leisure in the first quarter valued at about $4,739,000. Finally, Harbor Capital Advisors Inc. grew its holdings in shares of Travel + Leisure by 125.9% in the second quarter. Harbor Capital Advisors Inc. now owns 53,211 shares of the company’s stock valued at $2,393,000 after purchasing an additional 29,656 shares during the period. Hedge funds and other institutional investors own 87.54% of the company’s stock.

Analyst Upgrades and Downgrades

TNL has been the topic of a number of recent analyst reports. Tigress Financial upped their target price on shares of Travel + Leisure from $54.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, July 29th. The Goldman Sachs Group initiated coverage on shares of Travel + Leisure in a research report on Wednesday, September 18th. They issued a “neutral” rating and a $44.00 target price on the stock. Truist Financial decreased their target price on shares of Travel + Leisure from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Barclays cut shares of Travel + Leisure from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $46.00 to $40.00 in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Travel + Leisure from $65.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $54.33.

Insider Buying and Selling

In related news, Director George Herrera sold 2,193 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $42.48, for a total transaction of $93,158.64. Following the sale, the director now directly owns 6,352 shares in the company, valued at $269,832.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director George Herrera sold 2,193 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $42.48, for a total transaction of $93,158.64. Following the sale, the director now directly owns 6,352 shares in the company, valued at $269,832.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Amandine Robin-Caplan sold 3,246 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $41.84, for a total transaction of $135,812.64. Following the sale, the insider now owns 24,491 shares in the company, valued at $1,024,703.44. The disclosure for this sale can be found here. Insiders own 4.02% of the company’s stock.

Travel + Leisure Stock Performance

Shares of TNL opened at $46.59 on Monday. The stock has a market capitalization of $3.32 billion, a PE ratio of 8.58, a P/E/G ratio of 0.63 and a beta of 1.62. Travel + Leisure Co. has a 1 year low of $32.10 and a 1 year high of $49.91. The company’s 50-day simple moving average is $43.67 and its 200-day simple moving average is $44.71.

Travel + Leisure (NYSE:TNL) last released its earnings results on Wednesday, July 24th. The company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.13. Travel + Leisure had a net margin of 11.35% and a negative return on equity of 46.63%. The firm had revenue of $985.00 million for the quarter, compared to analyst estimates of $987.20 million. During the same period in the prior year, the firm earned $1.33 earnings per share. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, sell-side analysts predict that Travel + Leisure Co. will post 5.67 earnings per share for the current year.

Travel + Leisure Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.29%. Travel + Leisure’s payout ratio is 36.83%.

Travel + Leisure Profile

Travel + Leisure Co, together with its subsidiaries, provides hospitality services and travel products in the United States and internationally. The company operates in two segments, Vacation Ownership; and Travel and Membership. The Vacation Ownership segment develops, markets, and sells vacation ownership interests (VOIs) to individual consumers, as well as provides consumer financing in connection with the sale of VOIs; and property management services at resorts.